RESOURCESfor the FUTURECommunity Responses toFlooding in Risk MitigationActions:Evidence from theCommunity Rating SystemYanjun (Penny)Liao,Simon Solvsten,and Zachary WhitlockWorking Paper 24-08June 2024About the AuthorsYanjun (Penny)Liao is an economist and fellow at Resources for the Future (RFF).Her research primarily focuses on issues of natural disaster risk management andclimate adaptation.She has studied the impacts of disasters on local governmentbudgets,housing markets,and demographic changes.Her ongoing work investigateshow disaster insurance interacts with the housing and mortgage sector,as well as theeconomic and fiscal impacts of adaptation policies on local communities.Liao earnedher PhD in economics from UC San Diego in 2019 and conducted her postdoctoralresearch during 2019-21 at the Wharton Risk Center at University of Pennsylvania.Simon Solvsten is the director of European Center for Risk Resilience Studies at theUniversity of Southern Denmark.He holds a PhD in Economics from the University ofSouthem Denmark.Simon's primary research focus revolves around risk financing,andorganizational resilience.Zachary Whitlock is a senior research analyst at RFF.He graduated from theUniversity of Pennsylvania in 2020 with a BSE in Materials Science and Engineeringand a BA in Earth Science.He then earned his MPhil in Environmental Policy fromthe University of Cambridge,where his dissertation focused on tracking trendsin the climate change discourse of environmental lobbying organizations.BeforeCambridge,his research interests lay at the intersection of materials engineering andenvironmental stewardship.Prior to joining RFF,he covered recent developments involuntary ESG and climate initiatives for Longview Global Advisors.Resources for the Futurei